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MACHINIST - Maruti Suzuki approves new appointments to top management

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Home arrow News arrow Business News arrow Maruti Suzuki approves new appointments to top management

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Maruti Suzuki approves new appointments to top management
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Written by Arjun   
Wednesday, 31 October 2007

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NEW DELHI: The Board of Directors of Maruti Suzuki India Limited (MSIL) approved new appointments to the top management of the company. Japanese auto major Suzuki Motor Co. on Monday unfolded its subsidiary Maruti Suzuki’s plan to invest $1.8 billion US dollars (Rs 7,200 cr) in R&D, marketing and capacity expansion as finalised and made public the top management rejig. This investment is in addition to the Rs 9,000 crore already earmarked for expanding manufacturing facilities in India to attain the one million unit production mark by 2010.  
Mr. Jagdish Khattar will retire as Managing Director on December 18, 2007 on attaining the age of 65 years, in accordance with company rules.

Mr. R. C. Bhargava, who is currently Director of MSIL, will assume charge as Chairman.

Mr. S. Nakanishi, who is currently Chairman of MSIL and Senior Managing Executive Officer in Suzuki Motor Corporation (SMC), will succeed Mr. Khattar as Managing Director.

Mr. T Kobayashi, currently Senior Managing Director of MSIL, will leave as Board member with effect from December 31, 2007. Mr. T Ohashi, currently Executive Director of MSIL, will replace him on the Board and be in charge of Production.

Mr. M Osada, currently Director (R & D) of MSIL, will leave as Board member with effect from December 31, 2007. Mr. T Hasuike, currently Managing Executive Officer in SMC, will replace him on the Board. Mr. Hasuike will be in charge of Product Planning and Technical Divisions.

The Board also discussed and approved a plan for enabling more Indian managers to reach Top Management positions.

The Board appreciated the contribution by Mr. Jagdish Khattar in steering the company and strengthening its leadership position in the face of intense competition since 1999.

“We have expanded our production capacity at Manesar. Hereafter, Maruti Suzuki will have to invest in sales and research and development. Therefore, the focus will shift on R&D and marketing,” Suzuki Motor Co. Chairman Osamu Suzuki said while addressing a media meet here.

Since the site at Manesar would used now for further building capacity, he revealed, “We have already sought 500 acres of land from the Haryana government for setting up of the R&D facility.”

The R&D facility in India will be the second largest facility for SMC after Japan and it will be used to develop products not only for the India but also for Suzuki’s global markets. This facility would be as good as their facility in Japan, he elaborated.
 
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